Which has more room to gain, APOC or OCTP?

From their prices on Nov 4, 2026, APOC can gain about 3.6% before its cap and OCTP about 15.1%, so OCTP has more room left this period.

Which resets first, APOC or OCTP?

APOC ends its outcome period on Mar 31, 2027 and OCTP on Sep 30, 2027. A new cap is set the day after each.

Which is cheaper, APOC or OCTP?

APOC charges 0.79% a year and OCTP charges 0.50%, so OCTP is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Buffer ETFs

APOC vs OCTP: Cap, Buffer & Days Left

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As of Nov 4, 2026 OCTP can fall 1.1% before its buffer engages and APOC 0.6%, and APOC resets 183 days sooner.

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Net assets on Nov 4, 2026: $86m for Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct and $52m for PGIM S&P 500 Buffer 12 ETF - October.

APOC on its own →OCTP on its own →

At a glance

0.6%

APOC can fall this far before its buffer

1.1%

OCTP can fall this far before its buffer

3.6%

APOC can still gain

15.1%

OCTP can still gain

APOC Full floor

APOC: reference +0.5% since period start, fund +0.5%; buffer Floor; cap +4.3%; Full floor. Data to Nov 4, 2026.

Data to Nov 4, 2026.

OCTP Between buffer and cap

OCTP: reference +0.6% since period start, fund +0.6%; buffer 0 to −12; cap +16.3%; Between buffer and cap. Data to Nov 4, 2026.

Pair scorecard

OCTP costs 0.29 points a year less; their one-year returns differ by 9.9 points; APOC is 1.7 times larger.

Points (pts) are percentage points.

APOC vs OCTP: Cap, Buffer & Days Left
Measure	APOC	OCTP
Return
Measure	APOC	OCTP
Total return, 1 year	+3.1%	+13.0%
Drawdown
Measure	APOC	OCTP
Index fall to the buffer	0.5%
Benchmark
Measure	APOC	OCTP
What it tracks	SPY	SPY
Cost and size
Measure	APOC	OCTP
Expense ratio	0.79%	0.50%
Net assets	$86m	$52m
Holdings
Measure	APOC	OCTP
Holdings in common	not published

Method

Window by window

Window by window: APOC vs OCTP: Cap, Buffer & Days Left
	Total return		Gap to the reference's price return
Window	APOC	OCTP	APOC	OCTP
3 months	+1.3%	+2.4%	+1.6 pts	+2.8 pts
6 months	+2.5%	+6.2%	−2.0 pts	+1.7 pts
1 year	+3.1%	+13.0%	−10.4 pts	−0.6 pts
Since launchNot the same days: APOC Oct 2024 · OCTP May 2024	+6.4%	+34.7%	−28.5 pts	−10.1 pts

Each fund's gap is to its reference's price return, dividends left out: the basis the outcome period uses. Open this comparison in the app →

Side by side

APOC Innovator Equity Defined Protection ETF - 6 Mo Apr/Oct · Absorbs the whole loss on SPY and caps the gain at 4.3%, over a period ending Mar 31, 2027 OCTP PGIM S&P 500 Buffer 12 ETF - October · Absorbs the first 12% of loss on SPY and caps the gain at 16.3%, over a period ending Sep 30, 2027

Issuer Innovator PGIM

Reference index SPY SPY

Buffer 100% 12%

Outcome period Sep 30, 2026 to Mar 31, 2027 Oct 1, 2026 to Sep 30, 2027

Days left 147 330

Starting cap +4.3% +16.3%

Can still gain 3.6% 15.1%

Fall before buffer 0.6% 1.1%

Protection left, index points 100.0% of 100.0% 12.0% of 12.0%

Index return this period +0.5% +0.6%

Fund return this period +0.5% +0.6%

State today Open Open

Expense ratio 0.79% 0.50%

Net assets $86m $52m

As of Nov 4, 2026. Source: ETFIQ.

These are two different products. APOC is a floor fund, which caps how far a holder can fall. OCTP is a buffer fund, which absorbs the first part of a fall and leaves everything below it with the holder.

They do not reset together. APOC has 147 days of its period left and OCTP has 330, so the two are not the same bet on the same months.

Where each one stands today

APOC resets first, on Mar 31, 2027, 147 days from now; OCTP runs to Sep 30, 2027, 330 days. APOC can still gain 3.6% before its cap, OCTP 15.1%. A fall from here reaches APOC’s buffer after 0.6% and OCTP’s after 1.1%. Both track SPY, so what separates them is where each is in its own period.

Alert

About each fund

APOC

From its price on Nov 4, 2026, the fund can gain about 3.6% more before it reaches its cap. The fund's price can fall 0.6% from here before the buffer starts absorbing losses, by the issuer's number. In index terms, SPY can fall 0.5% from today's level to the point where the buffer begins. Protection left, in index points: 100.0% of the 100.0% buffer still sits below today's SPY level. 147 days remained on Nov 4, 2026. On Mar 31, 2027 the period ends and a new cap is set.

OCTP

From its price on Nov 4, 2026, the fund can gain about 15.1% more before it reaches its cap. The fund's price can fall 1.1% from here before the buffer starts absorbing losses, by the issuer's number. Protection left, in index points: 12.0% of the 12.0% buffer still sits below today's SPY level. 330 days remained on Nov 4, 2026. On Sep 30, 2027 the period ends and a new cap is set.

Questions people ask

Which has more room to gain, APOC or OCTP?: From their prices on Nov 4, 2026, APOC can gain about 3.6% before its cap and OCTP about 15.1%, so OCTP has more room left this period.
Which resets first, APOC or OCTP?: APOC ends its outcome period on Mar 31, 2027 and OCTP on Sep 30, 2027. A new cap is set the day after each.
Which is cheaper, APOC or OCTP?: APOC charges 0.79% a year and OCTP charges 0.50%, so OCTP is cheaper. Fees come from each fund's prospectus.

Other comparisons

APOC vs CPSP APOC vs DDTA APOC vs TOCT APOC vs PQX OCTP vs DDFO OCTP vs EALT OCTP vs CPSO OCTP vs BOCT

Where to next

SPY →All buffer ETFs ranked by the Downside Cover Score →How the scores are computed →APOC on its own →OCTP on its own →Method →Standards and sources →

Sources and dates

APOC filings on SEC EDGAR ↗

Innovator page for APOC ↗

OCTP filings on SEC EDGAR ↗

PGIM website ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

ETFIQ calculates every number from each issuer’s published outcome-period terms. Buffer ETFs hold options on an index, not shares, so there is no holdings overlap to report.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, APOC against OCTP, data as of Nov 4, 2026. https://etfiq.com/compare/buffer/apoc-vs-octp

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Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.